The town has around 7000 beds available in accommodation facilities, the most of any Victorian ski resort. La Trobe University had a minor campus at Mount Buller. The campus facilities included a public cinema, gym and indoor sporting facilities. La Trobe has vacated the mountain, however the Resort Management Board is now using the building, better known as the Mount Buller Community Centre, as its home. All facilities are still operational, with the cinema, gym and sports hall open all year round. Mount Buller is also the home of the National Alpine Museum.

The area between Mount Buller and Mount Stirling is the primary catchment for the Delatite River.

Mount Buller is home to a growing number of first class Cross Country and Downhill mountain bike tracks. Between 2009 and 2012 many trails have been added, modified and upgraded by WORLD TRAIL. The chairlift for the downhill tracks is only open during the summer from Boxing Day until the end of January, although trailer shuttles also run until the end of February. Mt Buller is working towards developing the mountain as a world class mountain bike venue in line with what has been achieved at Whistler (Canada) and Queenstown (New Zealand). Retail outlets exist in the mountain village to enable casual riders to hire pushbikes, and for bike owners to access service should the need arise. The Victorian Downhill State Series holds a race each year at Mt Buller, as does the MTBA National Series.

Mount Buller is also a popular destination for road cyclists,[5] due to the challenging climb from the tollbooth in Mirimbah to the Mount Buller Village. The climb is 15.3 kilometres (9.5 mi) long and has an average gradient of 6.2%.[6] The final kilometre before the Village is the steepest part of the climb with several short sections of gradient 10%+.

Comprising 300 hectares (740 acres), the Mount Buller Alpine Resort is a year-round facility with peak operation during winter months for alpine sports. In the summer months, the area is a popular location for alpine hiking.